Florida Ranks Third for Highest CRE Spending In the U.S.
In a recent NAIOP Economic Impacts of Commercial Real Estate study, George Mason University measures each state’s contribution to GDP, salaries and wages generated and jobs supported from the development and operations of commercial real estate.
- Commercial real estate development and operation of existing buildings generated the following economic benefits:
- Supported 7.6 million American jobs in 2017 (a measure of both new and existing jobs).
- Contributed $935.1 billion to U.S. GDP.
- Generated $286.4 billion in salaries and wages.